Here are five things to know:
1. The United States District Court for the Southern District of California jury found Arthrex infringed on KFx’s patent for an orthopedic device. KFx was awarded $29 million in damages.
2. In April, the U.S. Court of Appeals reaffirmed the January 2015 ruling, upholding the previous decision and denied Arthrex’s petition for en banc rehearing and issued a mandate to enforce the judgment.
3. KFx originally filed the complaint against Arthrex in 2011. KFx licensed its ‘311 family of patents to Johnson and Johnson and Smith & Nephew.
4. KFx Medical focuses on sports medicine procedures. W. Tate Scott is the chairman, president and CEO of the company. He has more than 30 years of experience in drugs, devices and combination products at American Hospital Supply and Johnson and Johnson.
5. Arthrex recently paid $95 million to Smith & Nephew for patent infringement.
More articles on orthopedic devices:
22 things to know about Stryker
4 notes on Aurora Spine’s new MIS lumbar interbody cage with TiNano
Invuity begins NASDAQ trading, revises IPO close date
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
